US Economy Slipped 1.6% in Q1, Slightly More Than First Thought
Still, the negative GDP number probably doesn't signal the start of a recession, and economists expect growth to resume later this year. read more >
Still, the negative GDP number probably doesn't signal the start of a recession, and economists expect growth to resume later this year. read more >
Higher interest rates make holding debt more problematic than ever. Smart companies, like smart consumers, will do whatever it takes to eliminate or limit their debt load. read more >
As rates rise, mortgage applications have fallen 15% from last year and refinancings have decreased more than 70%. read more >
A sharp decline in auto sales, largely because of higher prices and shortages of new car inventories, depressed the retail sales figure. read more >
The Fed's three-quarter-point rate increase exceeds the half-point hike that Chair Jerome Powell had previously suggested was likely to be announced this week. read more >
The figures indicate that rising prices will continue to erode Americans' paychecks and wreak havoc on household budgets in the coming months. read more >
Behind the surge is much higher prices for food, energy, rent, airline tickets and and new and used cars. read more >
Mortgage demand has fallen to the lowest level in 22 years. read more >
Waiting it out may be tougher than expected. read more >
The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high and companies are still desperate to hire more people. read more >
Economic uncertainty and weakened homebuyer demand continue to loom over mortgage rates. read more >
Fed officials are betting that the economy's broad strength will enable it to withstand sharply higher borrowing rates without leading to extended layoffs or a recession. read more >
His comments reflect less confidence in avoiding a recession than previously conveyed. read more >
The average rate stood at 3% a year ago. read more >
After climbing to a 6.49 million annual rate in January, sales have fallen to the slowest pace since June 2020. read more >
The increase was driven by greater sales of cars and electronics, and spending at restaurants. read more >
"What we need to see is inflation coming down in a clear and convincing way," he said. read more >
The nation's unemployment rate is at a near-half-century low and employers are posting a record-high number of open jobs. So what might cause an economy with such a healthy labor market to suffer a recession? read more >
Last month's hiring kept the unemployment rate at 3.6%. read more >
Answers to questions about mortgage rates, auto loans, credit card rates and more. read more >
